Czech power utility CEZ said it was
looking into possible partnerships and synergies to increase production at its
1,260-megawatt coal-fired power plant in
Bulgaria
. “This does not necessarily mean selling the thermal
power plant of
Varna
,” the company, which provides electricity to more
than 2 million households and businesses in
Bulgaria
, said yesterday. CEZ said possible partnerships for
Bulgaria
’s second-largest coal-fired thermal plan in the
Black Sea
city of
Varna
could include a vertical integration with a coal
supplier. The company also said in its statement that it planned to double
investment to modernize its power grid in
Bulgaria
this year from last year’s 94 million levs ($65
million). CEZ did not give any other details about its plans for the
Varna
plant and the company was not immediately available for further
comment. (Reuters)